Macquarie USA ups Apple estimates on increased iPad and iPhone expectations

“Macquarie USA analyst Richard Choe today lifted his EPS estimates for [Apple Inc. (AAPL)] to reflect the iPad; he also upped his forecast for iPhone sales,” Eric Savitz reports for Barron’s. “Macquarie expects iPad sales of 1.5 million units in the June quarter, 2.5 million for FY 2010 and 4 million for calendar 2010.”

MacDailyNews Take: Choe’s iPad estimates are too low.

Savitz reports, “His iPhone forecast for the March quarter is now 7.5 million, up from 6 million ‘due to better than expected sales and build checks.’

“Choe upped his FY 2010 revenue forecast to $57.4 billion, from $55 billion; his non-GAAP EPS estimate increases to $12.38, from $11.94,” Savitz reports. “Macquarie maintains an Outperform rating and $250 price target on the stock.”

Full article here.